Analysts Set Lakeland Industries, Inc. (NASDAQ:LAKE) Price Target at $16.50

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been given a consensus rating of “Hold” by the five research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.50.

LAKE has been the topic of a number of recent analyst reports. Lake Street Capital cut their price target on shares of Lakeland Industries from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Zacks Research lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 16th. DA Davidson reaffirmed a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Roth Mkm cut their target price on shares of Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a research report on Thursday, January 22nd.

Insider Buying and Selling

In related news, CFO Roger D. Shannon sold 8,869 shares of Lakeland Industries stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $8.06, for a total transaction of $71,484.14. Following the completion of the transaction, the chief financial officer directly owned 36,026 shares of the company’s stock, valued at $290,369.56. This trade represents a 19.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 6,727 shares of company stock worth $58,548 over the last ninety days. Company insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Lakeland Industries

Several large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC raised its stake in Lakeland Industries by 27.3% during the second quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier’s stock valued at $3,794,000 after buying an additional 59,803 shares during the last quarter. Delta Investment Management LLC boosted its stake in Lakeland Industries by 8.6% during the 2nd quarter. Delta Investment Management LLC now owns 36,317 shares of the medical instruments supplier’s stock valued at $494,000 after purchasing an additional 2,863 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Lakeland Industries by 5.6% during the 2nd quarter. D.A. Davidson & CO. now owns 45,673 shares of the medical instruments supplier’s stock valued at $622,000 after purchasing an additional 2,426 shares during the last quarter. Diversified Investment Strategies LLC increased its holdings in shares of Lakeland Industries by 2.6% in the 2nd quarter. Diversified Investment Strategies LLC now owns 40,000 shares of the medical instruments supplier’s stock worth $544,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in shares of Lakeland Industries by 32.0% during the second quarter. Equitable Trust Co. now owns 28,615 shares of the medical instruments supplier’s stock valued at $389,000 after purchasing an additional 6,945 shares in the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $9.65 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. Lakeland Industries has a fifty-two week low of $7.77 and a fifty-two week high of $25.53. The business has a 50 day moving average price of $9.85 and a 200-day moving average price of $13.34. The firm has a market cap of $94.63 million, a PE ratio of -2.20 and a beta of 1.31.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.